Brazil Central Bank Raises Selic Rate to 11.25%

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

BRASÍLIA--Citing a less favorable outlook for inflation, Brazil's central bank on Wednesday unexpectedly raised its benchmark interest rate amid slow economic growth and concern about the country's weakening currency. The bank increased the Selic short-term lending rate to 11.25% from ...

France's Sapin Says Not Ready to Deliver Mistral Warship to Russia

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Inti Landauro PARIS--French Finance Minister Michel Sapin said Thursday that "as of today" conditions hadn't been met for France to deliver the first Mistral warship bought by Russia. "Clearly, and this is France's position since the beginning, conditions today ...

Dollar Rises on Upbeat Fed

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

The U.S. dollar rose in early European trade Thursday, after the Federal Reserve met expectations by calling an end to quantitative easing, but caught the market off guard as it adopted a more optimistic tone on the economy, leading some ...

South Africa Unemployment Rate Dips in 3Q, But Remains Elevated

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Patrick McGroarty PRETORIA--South Africa's unemployment rate dipped in the third quarter, but remained at over a quarter of the workforce, as chronically low growth undid efforts to create jobs in the continent's most developed economy. South Africa's statistics agency ...

Modi's 'Make in India' to Manufacture Growth -- Barron's Asia

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Radhika Rao The government is keen to expand manufacturing and raise its contribution to GDP. Here we discuss three questions: What does this entail? How will government succeed? Why the need? What does manufacturing entail? The service sector's share ...

Brazil Central Bank Raises Selic Rate to 11.25% From 11%

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Paulo Trevisani BRASÍLIA--Citing a less favorable outlook for inflation, Brazil's central bank on Wednesday raised its benchmark interest rate, in a move that wasn't expected by markets. The central bank increased the Selic short-term lending rate to 11.25% from ...

China 3Q International Payments Largely in Balance

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

BEIJING--China's international payments were largely balanced in the third quarter with a surplus in the current account offsetting a deficit in the capital account, official data showed on Thursday. China's current-account surplus in the three months ended September rose to ...

Russian Ruble Continues Decline to Record Lows Against Dollar, Euro

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

MOSCOW--The Russian ruble continued dropping to fresh record lows against the dollar and the euro Thursday, raising expectations that the central bank would need to take extra measures to contain the depreciation. The ruble eased nearly 0.4% in the first ...

Crude Price Falls on Stronger Dollar, Still-High Supply

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Cassie Werber Crude oil prices fell Thursday as a stronger U.S. currency and still-high supply took the bounce of the last two days out of the market. "It is a firmer U.S. dollar in particular that is putting pressure ...

Italy Sees Market Solutions for Banks' Capital Shortfall

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Liam Moloney and Giovanni Legorano ROME--Italy's Economy Minister Pier Carlo Padoan said Thursday he expects local lenders to find market solutions for their need to lift capital after a European Central Bank health check found two of them with ...

China Resources Power: Jan-Sep Net Profit CNY5.31 Billion, Down 2.6%

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Chester Yung State-owned conglomerate China Resources Power Holdings Co. (0836.HK) reported a 2.6% drop in net profit for the January-September period, dragged by the weaker revenue. China Resources Power said Thursday its net profit for the nine months ended ...

Canada's Top Banker Warns Low Oil Prices to Hit Growth

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

Canada's top central banker said lower oil prices may shave about a quarter point from the country's economic growth in 2015, a magnitude that is enough to make him concerned. Canada is a net exporter of oil, and the price ...

Dollar Rises on Upbeat Fed

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Josie Cox The U.S. dollar rose in early European trade Thursday, after the Federal Reserve met expectations by calling an end to quantitative easing, but caught the market off guard as it adopted a more optimistic tone on the ...

Thailand Finance Ministry Lowers Economic Growth Forecast

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Warangkana Chomchuen BANGKOK--Thailand's Finance Ministry on Thursday cut its forecast for the country's economic-growth rate this year to 1.4%, down from its previous 2% estimate. The ministry said weak exports and a decline in tourist arrivals had hit the ...

German Jobless Numbers Fall Sharply

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

FRANKFURT--Germany's jobless rate decreased sharply in October, suggesting that uncertainty about the country's economic outlook isn't taking a toll on the labor market yet. In seasonally adjusted terms, the number of jobless fell 22,000 in October, data from the country's ...

Oil Eases on Concerns Price Gains Likely Short-Lived

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Eric Yep Crude-oil futures eased in Asian hours Thursday after posting overnight gains as markets absorbed the impact of the U.S. Federal Reserve's monetary policy announcements. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Brazil Central Bank Raises Selic Rate to 11.25% From 11% -- Update

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Paulo Trevisani BRASÍLIA--Citing a less favorable outlook for inflation, Brazil's central bank on Wednesday unexpectedly raised its benchmark interest rate amid slow economic growth and concern about the country's weakening currency. The bank increased the Selic short-term lending rate ...

Austria's Economy Stagnated in Third Quarter

TODAY: Oct. 30, 2014 PUB DATE: Oct. 30, 2014

By Nicole Lundeen VIENNA--Austria's economy stagnated in the third quarter, Austria's main economic forecaster said Thursday. The country's gross domestic product didn't grow in the third quarter compared with the second quarter, data from the Austrian Institute for Economic Research, ...